Odaily Planet Daily News Bitcoin mining hardware manufacturer Canaan Technology announced that it has completed a $200 million Series A-1 preferred stock financing. The first installment of the preferred stock financing was completed on March 10, 2025, and the first $100 million has been received. It is expected that another $100 million will be received in the near future in connection with the second installment, subject to certain terms and conditions. The funds will support Canaan Technology's research and development, production expansion, and digital mining infrastructure investment in North America.
(TheMinerMag)